NOT LISTED FOR SALE

1044 3rd St Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated Value: $6,411,570

22 Beds
13 Baths
9,680 Sq Ft
$662/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2022

Last sale price $7,150,000 $739 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $42,780 / mo

91 Days on Market

About This Home

As of June 2022

PRIME NORTH OF WILSHIRE DEVELOPMENT OPPORTUNITY! 3-Building Structure - 28 Bedrooms Total, 14 Bathrooms Total - 1044 3rd Street is situated on a HUGE 15,025 SF DOUBLE LOT. SMR3* Zoning, which will allow a developer the opportunity to potentially build 10-13 luxury condominiums. Buyer to verify all potential development, zoning laws, and restrictions. Please do NOT walk the property without contacting the listing agents first to schedule a tour. The property is currently occupied, but will be delivered 100% VACANT.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 01/10/2022

RE/MAX One

Last Buyer's Agent

Chase Simonton

Keller Williams-Santa Monica License #01766871

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 15,025 Sq Ft Lot

Interior Spaces

  • 9,680 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 13 Bathrooms

Community Details

  • 3 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4292-022-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 9680
  • Lot Acreage: 0.3449
  • Stories: 2
  • Year Built: 1970
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 22
  • Total Bathrooms: 13.00
  • Price Per S Q F T: 826.45

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 30.81
  • Assessed Improvement Value: 265591
  • Assessed Land Percent: 69.19
  • Assessed Land Value: 596522
  • Total Assessed Value: 862113
  • Assessor Parcel Number: 4292-022-007
  • Lot Size Area: 15025

Multi Family

  • Unit Type: 2106
  • Number Of Units: 10
  • Type Of Units: Vacant

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Jun 14, 2022
Sold by
Bal 1044 Properties Llc and Nel 1038 Properties Llc
Bought by
Seller's Agent
Chase Simonton
RE/MAX One
Buyer's Agent
Chase Simonton
RE/MAX One
List Price
$8,000,000
Sold Price
$7,150,000
Premium/Discount to List
-$850,000
-10.62%
Current Estimated Value
$6,411,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$738,430
Avg. Annual Appreciation
-2.85%
Original Mortgage
$1,000,000
Interest Rate
5.25%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 20, 2018
Sold by
1044 Third Street Llc
Bought by
Bal 1044 Properties Llc and Nel 1038 Properties Llc

Purchase Details

Closed on
Sep 30, 2009
Sold by
Lustig Ryna
Bought by
Lustig Naftali

Purchase Details

Closed on
Sep 25, 2009
Sold by
Lustig Michele
Bought by
Lustig Benjamin

Purchase Details

Closed on
Sep 22, 2009
Sold by
Lustig Benjamin and Lustig Naftali
Bought by
Lustig Benjamin
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Wilshire Montana, CA

  • Staci Siegel Real Estate Agent - Engel & Völkers

    Staci Siegel

    Engel & Völkers

    (424) 499-2383

    29 Total Sales

    1 in Wilshire Montana

    $1,407,500 Price

    Staci Siegel
     Section Image
  • Rachel Nussbaum Real Estate Agent - Prestige Estate Agency

    Rachel Nussbaum

    Prestige Estate Agency

    (747) 294-3894

    28 Total Sales

    1 in Wilshire Montana

    $467,750 Price

    Rachel Nussbaum
     Section Image
  • Tracey Becker Real Estate Agent - Compass

    Tracey Becker

    Compass

    (424) 374-2804

    111 Total Sales

    3 in Wilshire Montana

    $1.6M - $1.9M Price Range

    Tracey Becker
     Section Image
  • Sierus Erdelyi Real Estate Agent - TruLine Realty

    Sierus Erdelyi

    TruLine Realty

    (424) 374-0268

    179 Total Sales

    1 in Wilshire Montana

    $1,660,000 Price

    Sierus Erdelyi
     Section Image
  • Haleh Dolatshahi Real Estate Agent - Rodeo Realty- Brentwood

    Haleh Dolatshahi

    Rodeo Realty- Brentwood

    (424) 301-8260

    12 Total Sales

    2 in Wilshire Montana

    $1.7M - $2.6M Price Range

    Haleh Dolatshahi
     Section Image
  • Raymond Dominguez Real Estate Agent - Engel & Völkers

    Raymond Dominguez

    Engel & Völkers

    (424) 359-1336

    12 Total Sales

    1 in Wilshire Montana

    $1,729,000 Price

    Raymond Dominguez
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,935,500 Ticor Title
Bal 1044 Properties Llc -- None Available
Lustig Naftali -- None Available
Lustig Benjamin -- None Available
Lustig Benjamin -- None Available
1044 Third Street Llc -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,400,000
Closed Santa Monica Properties Llc $2,000,000
Closed Santa Monica Properties Llc $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/29/2022 06/29/22 Sold $7,150,000 -10.6% $739 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $8,000,000 -- $826 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $90,884 $7,507,206 $5,234,100 $2,273,106
2025 $90,884 $7,360,007 $5,131,471 $2,228,536
2024 $85,271 $7,215,694 $5,030,854 $2,184,840
2023 $83,921 $7,074,210 $4,932,210 $2,142,000
2022 $12,304 $879,354 $608,452 $270,902
2021 $11,930 $862,113 $596,522 $265,591
2020 $11,843 $853,274 $590,406 $262,868
2019 $11,719 $836,544 $578,830 $257,714
2018 $10,906 $820,142 $567,481 $252,661
2016 $10,397 $788,296 $545,446 $242,850
2015 $10,262 $776,456 $537,253 $239,203
2014 $10,175 $761,247 $526,729 $234,518
Source: Public Records

Agents Affiliated with this Home

  • Chase Simonton Real Estate Agent - RE/MAX

    Seller's Agent in 2022

    Chase Simonton

    RE/MAX

    (310) 383-5927

    10 in this area

    87 Total Sales

    Chase Simonton
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Map

Source: The MLS

MLS Number: 22-117531

The MLS

APN: 4292-022-007

California Los Angeles County Santa Monica 90403 Wilshire Montana

1044 3rd St, Santa Monica, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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